Nirav Modi's assets worth Rs 2,400 crore may be sold

After a special court declared absconding businessman Nirav Modi a fugitive offender, the focus now shifts to the auction of his two properties, Rhythm House at Kala Ghoda and his Worli residence. The special Prevention of Money Laundering Act court that declared Modi a fugitive offender will hear the ED’s application to confiscate the properties worth Rs 2,400 crore and put them up for auction.

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